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Business

Berkshire Hathaway sold entire Paramount stock at loss, decreased Apple stake, Warren Buffet says

Berkshire Hathaway recently held its annual shareholder meeting in Omaha, Nebraska. This was the first meeting without Charlie Munger, who passed away in November...

Apple files patents for flip device, will it be iPhone, iPad? CWEB wonders

According to a popular outlet, Apple (AAPL) has recently filed important patents for making a flip device. This has ignited rumors among Apple analysts...

Biden requests Congress to pass legislation before potential national rail shutdown

On Monday, President Joe Biden urged Congress to pass legislation that could avert a potential shutdown of the rail network across the nation as...

Diamondback Energy’s Review Following Recent Acquisitions

RBC Capital updated its outlook on Diamondback Energy, Inc. (NASDAQ:FANG) following a couple of meaningful acquisitions over the past month that when combined were...

Samsara’s Upcoming Q3 Results Preview

RBC Capital analysts provided their outlook on Samsara Inc. (NYSE:IOT) ahead of the upcoming Q3 results, expecting a slight upside vs. Street estimates and...

BlockFi Cryptocurrency Lender files for bankruptcy, after FTX collapse

On Monday, cryptocurrency lender BlockFi filed for bankruptcy at the U.S. Bankruptcy Court in Trenton, New Jersey. It is the latest digital assets company...

What to Expect From Dollar General’s Upcoming Q3 Results?

Oppenheimer analysts provided their outlook on Dollar General Corporation (NYSE:DG) ahead of the upcoming Q3 results, scheduled to be announced on Dec 1. The analysts...

Thoughts Ahead of Nutanix’s Upcoming Q4 Results

RBC Capital analysts provided their outlook on Nutanix, Inc. (NASDAQ:NTNX) ahead of the upcoming Q1 results, expected to be announced on Nov 30. The analysts...

Shopify Shares Up 3 percent on Impressive Black Friday Numbers

Shopify Inc. (NYSE:SHOP) shares closed more than 3% higher today on impressive Black Friday sales. Black Friday GMV (gross merchandise value) of $3.36 billion...

Deere & Co Shares Surge 6 percent Since Q4 Report

Deere & Co. (NYSE:DE) shares gained nearly 6% since the company’s reported Q4 results on Wednesday, with EPS of $7.44 coming in better than...

DappRadar announces Sports Report focusing on Web3 projects and applications in FIFA and Sports

DappRadar has announced its Sports Report and it has highlighted how Web3 projects and applications are having a strong presence and deep impact in...

Super Group Reports Q3 Results, Reiterates Guidance

Super Group (NYSE:SGHC) reported better-than-expected Q3 results, with revenue up 2% year-over-year. Monthly Average customers grew 7% year-over-year to 2.7 million, excluding customers of...

Medtronic Reports Q2 EPS Beat While Revenues Miss

Medtronic (NYSE:MDT) reported its Q2 results on Tuesday, with EPS of $1.30 coming in better than the Street estimate of $1.28. Revenue was $7.6...

MFA Financial Review Post Q3 Results

MFA Financial (NYSE:MFA) shares gained more than 16% since the company’s reported Q3 results at the start of the month. BVPS was $15.31, which represents...

Coupa Software’s Shares Gained 35 percent on Potential Vista Acquisition News

RBC Capital provided their thoughts on a potential acquisition of Coupa Software Incorporated (NASDAQ:COUP) by Vista. Since the release of an unsubstantiated Bloomberg article that...

Famous ice cream The Salt and Straw shop in Portland has asked the city to address drug and homeless issues that are affecting business....

Salt and Straw, an iconic ice cream company might move out of the city of Portland due to problems created by increased homelessness as...

VMware Reports Q3 Miss

VMware (NYSE:VMW) reported its Q3 results, with EPS of $1.47 coming in worse than the Street estimate of $1.59. Revenue was $3.2 billion, compared...

Walmart in top spot as shoppers search for best Black Friday deals, Captify says

According to data from Captify, Walmart–the nation's largest retailer has also become the company that has shoppers searching its website the most; in order...

Dollar Tree Shares Plunge 8 percent Since Q3 Report

Dollar Tree (NASDAQ:DLTR) shares fell more than 8% since the company’s reported Q3 results on Tuesday. While both Q3 EPS of $1.20 and revenue...

Marvell Technology’s Upcoming Q3 Results Preview

Deutsche Bank analysts provided their outlook on Marvell Technology, Inc. (NASDAQ:MRVL) ahead of the Q3 report, scheduled on Dec 1. The analysts expect the company...

Burlington Stores Shares Surge 24 percent Since Q3 Report

Burlington Stores (NYSE:BURL) gained more than 24% since the company’s reported Q3 results on Tuesday on positive commentary and despite EPS and revenue miss....

Ambarella’s Upcoming Q3 Earnings Preview

Deutsche Bank analysts shared their outlook on Ambarella, Inc. (NASDAQ:AMBA) ahead of its upcoming Q3 results announcement on Dec 1. After the company delivered a...

Analog Devices Shares Surge 5 percent on Q4 Beat & Strong Guidance

Analog Devices (NASDAQ:ADI) shares closed more than 5% higher on Tuesday following the company’s reported Q4 results, with EPS of $2.73 coming in better...

Autodesk Shares Drop 5 percent on Worse Than Expected Outlook

Autodesk (NASDAQ:ADSK) shares fell more than 5% on Wednesday following the company’s Q3 earnings release. While both EPS of $1.70 and revenue of $1.28...

Warner Music Group Shares Up 20 percent Since Q4 Beat

Warner Music Group Corp. (NASDAQ:WMG) shares gained nearly 20% since the company’s reported Q4 results on Tuesday, with both EPS of $0.28 and revenue...

Watch: Novogratz questions why SBF is a free man after tremendous FTX fraud

Galaxy Digital CEO Mike Novogratz has questioned why Sam Bankman-Fried is a free man, despite the massive fraud committed by FTX under his watch...

What to Expect From Emerson Electric’s Upcoming Investor Day

RBC Capital analysts provided their views on Emerson Electric Co. (NYSE:EMR) upcoming NYC Investor Day, scheduled on Nov 29. With the $14 billion Climate...

Restaurant Brands International’s Price Target Raised at RBC Capital

RBC Capital analysts raised their price target on Restaurant Brands International Inc. (NYSE:QSR) to $80 from $70 while reiterating their Outperform rating. They continue...

Jacobs Reports Q4 Beat, While Guidance Misses

Jacobs (NYSE:J) reported its Q4 results yesterday, with EPS of $1.80 coming in better than the Street estimate of $1.78. Revenue was $3.9 billion,...

Hewlett Packard Enterprise’s Upcoming Q4 Results Preview

Deutsche Bank provided its outlook on Hewlett Packard Enterprise Company (NYSE:HPE) ahead of the upcoming Q4 results announcement, noting they don’t expect surprises, but...

Here’s Why Zoom Shares Plunge 4 percent Today

Zoom (NASDAQ:ZM) shares fell nearly 4% today following the company’s reported Q3 results. While both EPS of $1.07 and revenue of $1.1 billion came...

Urban Outfitters Shares Surge 9 percent Following Q3 Results Announcement

Urban Outfitters (NASDAQ:URBN) shares gained nearly 9% today following the company’s reported Q3 results, with revenue of $1.18 billion (up 3.9% year-over-year) coming in...

FTX, Bankman-Fried parents and senior executives bought properties worth $121 million in Bahamas

FTX, the cryptocurrency exchange that has filed for bankruptcy this month as well as the former CEO Sam Bankman-Fried’s parents and senior executives officially...

Pure Storage’s Upcoming Q3 Results Preview

Deutsche Bank analysts shared their views on Pure Storage, Inc. (NYSE:PSTG) ahead of the upcoming Q3 earnings announcement, expecting the company to post results...

Farfetch Limited Shares Plunge 18 percent Since Q3 Report

Farfetch Limited (NYSE:FTCH) shares fell around 18% since the company’s reported Q3 results on Thursday, which were negatively affected by China headwinds, the strong...

Bob (Iger) In, Bob (Chapek) Out, Disney brings back former CEO to the helm

Late Sunday, Disney announced that former CEO Bob Iger was back as CEO for two years and would take charge of the entertainment company....

Atkore Shares Surge 16 percent Since Q4 Report

Atkore Inc (NYSE:ATKR) shares gained more than 16% since the company’s reported Q4 results on Friday, with EPS of $5.52 coming in better than...

NetApp’s Upcoming Q2 Results Preview

Deutsche Bank provided their outlook on NetApp, Inc. (NASDAQ:NTAP) ahead of the upcoming Q2 earnings announcement. The analysts acknowledge that the company will face...

Spectrum Brands Reports Q4 Miss

Spectrum Brands (NYSE:SPB) reported its Q4 results on Friday, with EPS of $0.48 coming in worse than the Street estimate of $0.59. Revenue was...

Gap Shares Gain 12 percent Since Q3 Results Announcement

Gap, Inc. (NYSE:GPS) shares rose around 12% since the company’s reported Q3 results on Thursday, with revenue of $4.04 billion coming in better than...

APi Group’s Analyst Day Takeaways

RBC Capital analysts provided their key takeaways from APi Group Corporation (NYSE:APG) Analyst Day. According to the analysts, the company provided the building blocks...

Westlake Chemical’s Review Following Q3 Miss

Analysts at Deutsche Bank provided a review on Westlake Chemical Partners LP (NYSE:WLKP) following the company’s reported Q3 results earlier this month, with EPS...

Dole Shares Up 11 percent Since Q3 Results Announcement

Dole plc (NYSE:DOLE) shares gained more than 11% since the company’s reported Q3 results on Thursday, with EPS of $0.14 coming in better than...

FTX owes top 50 creditors an estimated $3.1 billion, bankrupt crypto exchange of Sam Bankman-Fried

On Saturday, in a court filing, cryptocurrency exchange FTX said that it owes 50 creditors roughly $3.1 billion. The exchange, which filed for bankruptcy...

Elizabeth Holmes Sentenced to 11 + Years For Theranos Fraud: Will Appeal In April 2023

Elizabeth Holmes, the founder of Theranos, was sentenced to more than 11 years and three months in prison on Friday, capping a precipitous fall...

Louis Vuitton brings celebrity footballers Messi and Ronaldo together before FIFA World Cup 2022

Luxury brand Louis Vuitton has brought together two of the G.O.A.T. footballers together in an ad where they play a nice, quiet classic game....

Applied Materials Reports Better Than Expected Q4 Results, Provides Guidance

Applied Materials (NASDAQ:AMAT) reported its Q4 results on Thursday, with EPS of $2.03 coming in better than the Street estimate of $1.75. Revenue was...

BJ’s Wholesale Club Shares Down 7 percent Despite Q3 Beat

BJ's Wholesale Club (NYSE:BJ) shares fell more than 7% since the company’s reported Q3 results on Thursday. A strong beat was overshadowed by management...

Palo Alto Networks Shares Surge 7 percent Following Q1 Beat

Palo Alto Networks (NASDAQ:PANW) shares gain nearly 7% on Friday following the company’s reported Q1 results, with EPS of $0.83 coming in better than...

World Cup 2022 in Qatar and Web3: Virtual lounges to live stream football games, NFTs and more

As the football fever reaches its pitch on Sunday, when the first game of the World Cup 2022 will kick off in Qatar, Web3...
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